Could the Cable reverse from here?

há 6 dias

The price is reacting off the support level which is an overlap support that aligns with the61.8% Fibonacci retracement and could rise from this level to our take profit.

Entry: 1.2617
Why we like it:
There is an overlap support level that aligns with the 61.8% Fibonacci retracement.

Stop loss: 1.2523
Why we like it:
There is a pullback support level.

Take profit: 1.2731
Why we like it:
There is an overlap resistance level.

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